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20121010
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-elected. fudging the facts on jobless numbers for political gain. we talk to jack welch, one of america's all-time great ceos. his tweet launched the controversy. the question tonight, does he stand by it? you'll hear from him in a moment. he was tweeting about september employment data which came out this morning showing the economy adding 114,000 jobs last month, and the jobless rate falling by .3 to 7.8%. that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have ju
into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least not until now, is look at the numbers and suggest the fix is in. this morning, though, jack welch did tweeting, quote unbelievable job numbers. these chicago guys will do anything. can't de
't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the numbers come from iron fortress, somewhere in the bls. it's absolutely and totally ridiculous to say some how some political people changed the numbers in bls. it makes no sense whatsoever. look i'm friends with jack welch. he's a great guy. i have no idea what he's talking about. this is birtherrest crazy stuff. i don't know how yo
? this is big news. >>> former general electric ceo jack welch set off a firestorm yesterday sending out this tweet questioning the validity of yesterday's unemployment numbers accusing the administration of changing the numbers. mr. welch appeared on "anderson cooper 360" last night to talk about those allegations. >> i got a tweet out there that i stand by. >> right, but you don't, you don't regret -- >> i can't prove anything that they did anything to anything. >> in your heart you believe they somehow cooked the books? >> i don't really know. but i do know this. these numbers are implausible. >> but, you know, so many politicians these days are saying, you know, michele bachmann will say something that is not correct or not provable and say, look, i'm just asking the question. is it responsible to say, i'm just asking the question, but to say these chicago guys will do anything -- >> should have put the question mark at the end, like i did last night. a question mark would have been better at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
implication is there. >> i'm going to bring in ali velshi. ali, what do you make of jack welch's tweet, and what do you think tonight? >> anderson, they very troubling. anybody who has asked me in my entire career in america who the best one is, that is jack welch. there are ceos and all sorts of people retweeting what he said. he is absolutely right, there are questions to be asked about the methodology. that household survey that comes up with the unemployment number, i have said in my entire career that people should pay less attention to it. pay attention to hours worked and pay attention to wages and income. that's what touches people. but to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government
that president obama is not an american citizen without any proof. you are jack welch. >> more of that heated exchange next. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. the highest-ranked vehicle appeal among large premium cars by j.d. power and associates. ♪ ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> friday's jobs report was good news, both for americans and for president barack obama's re-election effort, but some people like former general electric ceo jack welch hinted that the obama campa
. but some nay sayers wonder if it is too good to be true. jack welch, former ceo, tweets unbelievable jobs numbers, the chicago guys will do anything, can't debate, so change numbers. and one group suggested maybe somebody played with the numbers. >> very good timing for the president. if he mapped it out to be able to have it, this is one you would want to have. he placed the unemployment as the longest time in history knew. >> but the labor department scoffed at the notion that anybody manipulated the jobs report. >> it is collected by the interviewers who are all career federal employees. so you would have to imagine that the people who participate in the survey, and they do this voluntarily, are for some reason trying to manipulate things. >> and it is not unusual for the surveys, one based on asking the companies, the other based on asking individuals, to have a wide difference, why? the household survey shows all sorts of workers, including self-employed and certain agriculture workers. and it is based on a much smaller sample than the other businesses. keith hall says that the numbe
were participating in the workforce today our unemployment rate would be around 11%. jack welch doesn't believe the latest unemployment rate is of real and he thinks that the chicago way has something to do with that. he suggests that the numbers have been manipulated for political reasons he said unbelievable job numbers these chicago guys will do anything, cannot debate so change job numbers. mitch romney reverses himself on the 47% comments initially sank his remarks were not elegantly stated but in an interview last night he said if the 4747 percent, up during the debate he would have said he was just completely wrong. we are live at the scene. good evening about three dozen or so bikers in france in a family of new towns and are actually here right now at the location where that tragic accident happened earlier today at the corner of ok and wells near the north side downtown and folks here basically said they are here to remember their friends and loved one and a life that was taken all too soon. those who know him say that nail townsend rode his bike to work almost year-round an
depression. jack welch tweeted this, unbelievable jobs numbers, these chicago guys will do anything, can't debate so change the numbers. and the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at its lowest level since i took office. >> friday's jobs report shows america still desperately needs jobs. yet the president's central and sole proposal would mean fewer jobs. >> republicans in congress need to stop trying to relaxing fight the battles of the past few years and finally start doing something to actually help the middle class get ahead. >> we can't afford four more years like the last fr. prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as cops, firefighters and park rangers in communities across the country. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should fight for a job when they come home. >> understand that the president must campaign,
months now. the economic situation is getting better. >> i think it's the opposite of what jack welch was saying. we talk about jack welch and what he said and the conspiracy theory, but the thing is, he said given the economy -- >> that's not even what i'm getting at. >> people feel fundamentally better about the state of the economy. >> did i say i love jack welch? >> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they
fell to below 8%? also jack welch, the former ge guy. >> yep. >> he's tweeting this morning and saying, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. i mean -- so is it possible the labor department is lying or has changed these numbers in some way? >> look, these numbers are often revised. usually when you have a vibrant growing jobs market a revision of 86,000 doesn't make any difference at all. you have much more jobs being created. we don't have that right now. in terms of why the two numbers are different, there are two different surveys the government does. hou household survey where they ask people wheer they're employed and a company survey where they ask companies how many people are employed. those are two different numbers. so that's why you have the number of jobs created or lost and the jobless rate. that's the technical data gathering reason. as for -- look, you'll hear conservatives say either they don't trust these numbers or they're going to say, look, 114,000 is the important number to look at here. that's not good en
with numbers here. jobs numbers. a big supporter of your campaign, jack welch, sent out a tweet on friday after the unemployment report came out showing 7.8% unemployment, and jack welch wrote unbelieve jobs numbers. these chicago guys will do anything, can't debate so change the numbers. do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have abo
are historically low. there is an uptick of 0.1%. these numbers don't add up. you said jack welch who has been called by many the ceo of the past quarter century, a guy we know very well. jack welch has an opinion on this. >> he has a tweet being widely retweeted. i read from jack's certified twitter account. unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. >> okay. >> that's quite a charge. >> by jack and mark barnicle, we know jack. he's nonpartisan. >> not going there. he said that with a wink, right? >> i don't know. >> jack? >> let me tell you something seriously. these numbers don't add up. they just don't. again, i've got no dog in the fight here as far as the numbers go. >> you want them to be good. >> we all want them to be good. my dad was unemployed. i always, you know, conservatives always get angry at me when i cheer good economic news. but mike these numbers don't add up. it doesn't make sense it would drop to 7.8% with a weak participation rate and anemic number of jobs added. >> look, i am totally unqualified to weave my way through
? not if you're hyper partisan voice of corporate plutocacy like jack welch who tweeted out the following message. unbelievable jobs numbers these chicago guys will do anything. can't debate so change numbers. come on, jack. the notion of the department of labor plays games with these numbers for political reasons is silly ludicrous and insulting to government workers who have reported news, good and bad faithfully for many decades. it strikes me, jack, that there have been a few more cases of corporate gamesmanship with financial numbers than cases where the government was not honest in the past few years. in fact, didn't your company g.e. have an accounting issue that led to a big sec settlement not so long ago? now that you've made this outlandish claim, where is your proof, your evidence, the facts to substantiate you're certification, or is it just a partisan screed? you might remember when my office charged ge then under your leadership with a range of i am preprity we had the proof and the judge forced you to take out a full-page add admitted to your i don't think doing. the key ja
Search Results 0 to 28 of about 29 (some duplicates have been removed)